LRCX changes
Pick any two versions below to diff them.
- Price
- $239.11 → $235.88(−1.4%)
- Checkpoints
- Nov 2026: U.S. export rule for affiliates of listed parties. removed: Pending. added: Passed. Watch: An extension of the suspension or no new loss of China sales passes; a return of the rule that cuts sales to more Chinese customers fails. added: Outcome: On November 9, 2026, the Bureau of Industry and Security extended the suspension of the rule, but only to January 10, 2027. Jan added: 10, 2027: End of the extended suspension of the affiliates export rule. Pending. Watch: A further extension or a permanent end of the rule passes; a return of the rule on January 10, 2027 that cuts sales to more Chinese customers fails. Jan 21, 2027 (estimate): Q2 fiscal 2027 results: China share and margin. Pending. Watch: Revenue near the $8.60 billion guidance, gross margin near 52.5% and a lower China share without lower total revenue pass; revenue below the range or a sharp fall in China sales fail.
- Recent events
- added: Nov 9, 2026: The U.S. Bureau of Industry and Security extended the suspension of its rule that adds export limits for affiliates of listed parties, which are companies at least 50% owned by them. The suspension was to end on November 9, 2026, and now runs to January 10, 2027. Nov 5, 2026: Lam Research's board approved a new $25 billion share buyback authorization, in addition to what was left of the prior one, and declared a quarterly dividend of $0.33 per share. Oct 21, 2026: Lam Research reported results for the September 2026 quarter. Revenue was a record $8.22 billion, up 22% from the June quarter. GAAP EPS was $2.19 and non-GAAP EPS was $2.20, and the GAAP operating margin was 40.0%. China gave 35% of revenue. In the quarter, Lam started accelerated share repurchases of $1.00 billion. For the December 2026 quarter, it guided revenue of $8.60 billion, plus or minus $400 million, and EPS of $2.33, plus or minus $0.15. Aug 24, 2026: Two directors, Sohail Ahmed and Michael Cannon, told Lam that they will retire from the board on November 2, 2026. The board will go from 12 to 10 directors. Jul 29, 2026: Lam Research reported results for the June 2026 quarter. Revenue was a record $6.72 billion, and GAAP EPS was $1.81. Revenue for fiscal 2026 was $23.23 billion, up 26%. Apr 22, 2026: Lam Research reported results for the March 2026 quarter. Revenue was $5.84 billion, and GAAP EPS was $1.45. Feb 3, 2026: Lam Research named Sesha Varadarajan Chief Operating Officer from March 6, 2026. He follows Pat Lord, who will retire. Karthik Rammohan took a larger role over global operations. Jan 28, 2026: Lam Research reported results for the December 2025 quarter. Revenue was $5.34 billion, and GAAP EPS was $1.26.